Colosseum a.s. (Colosseum a.s.)
Commodities  |  February 06, 2013 08:35:28

Natural gas is more expensive due to lower temperatures

ColosseumWeather forecasts that allow for unusually low temperatures in the Midwest were responsible for yesterday's rise in the price of natural gas. Lower temperatures hit the Midwest in the next 14-some days. First of Chicago, which is one of the largest consumers of gas for heating, will certainly contribute greatly to the increased demand. Already in the first 13-weeks of the current heating season, the decline in reserves of natural gas in the U.S. is 34% higher than the same time last year. March natural gas so yesterday on CME stock price closed at 3.399 cents per million British thermal units.

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